TIDMCRPR
Cropper(James) PLC
07 June 2023
7 June 2023
James Cropper plc
('James Cropper', the 'Company' or the 'Group')
TFP HYDROGEN ANNOUNCES EXPANSION OF ELECTROLYSER COATING
CAPACITY IN NORTH AMERICA
James Cropper plc (AIM:CRPR), a global market leader in advanced
materials, luxury packaging and paper products, today announces
that its wholly-owned subsidiary, TFP Hydrogen Products ("TFP
Hydrogen"), a leading provider of high-performance coatings for PEM
water electrolyser components, plans a threefold increase in its
US-based coating production capacity in the next 12 months. This
significant expansion will enable the Company to benefit from the
rapidly increasing demand for its coatings which improve the
efficiency and durability of PEM water electrolysers, one of the
foremost technologies in the transition to using green
hydrogen.
TFP Hydrogen has installed a specialised electrolyser coating
technology at its site in Schenectady, New York, USA to provide
local production and support for North American customers. This new
line, which can support 600MW electrolyser manufacturing capacity
per annum, is now fully operational and its rapid installation and
commissioning forms the basis of the future expansion plans.
Scalable manufacturing
The new line is based on the specialist coating technology that
TFP Hydrogen has developed in Cornwall, UK and has been
specifically designed with scalability in mind to facilitate and
respond to the exponential growth within the green hydrogen market.
The U.S. Department of Energy (DOE) anticipates that U.S.
electrolyser capacity alone will have to increase from 0.17
gigawatts ("GW") today to over 1,000 GW by 2050. The line provides
a blueprint for future TFP Hydrogen coating lines worldwide,
supporting the electrolyser manufacturing hubs being established
globally as the technology adoption accelerates.
TFP Hydrogen's coating technology addresses the key material
challenges in using titanium PEM electrolyser components. TFP
Hydrogen's technology improves long term component performance and
durability and an increased system lifetime, ultimately lowering
the long-term cost of green hydrogen production.
Commenting on the expansion plans James Cropper CEO, Steve
Adams, said: "In line with our strategic realignment to focus on
large, growing end markets with higher margin opportunities, we are
pursuing an aggressive innovation roadmap that supports the rapid
growth of the hydrogen economy. The fast-growing renewable energy
and decarbonisation markets are creating an ever-greater need for
novel and high-performance materials and our continued investment
in the US facility provides a local supply and technical ground
support for North American electrolyser manufacturers, as well as
supporting a lean, short, supply chain, which enables rapid
response to the significant demand increases the hydrogen sector
continues to experience."
Hydrogen Technology Expo 28-29 June 2023
To support the projected increase in US production capacity, TFP
Hydrogen will be exhibiting its advanced electrochemical materials
on stand 730 at the forthcoming Hydrogen Technology Expo in Houston
Texas, USA from 28-29th June. Solutions for the electrolysis and
fuel cell markets include coatings for porous transport layers
(PTLs), meshes and bipolar plates (BPPs), alongside a range of
high-performance electrocatalyst powders and gas diffusion layer
substrates (GDL).
Dr. David Hodgson, Managing Director of TFP Hydrogen, will also
be speaking on the 29th June at the show's associated conference,
focussing on "Reducing the Cost of Green Hydrogen Generation: Every
Microvolt Counts". T he presentation will demonstrate how TFP
Hydrogen's materials help to reduce the total lifetime cost of
green hydrogen production and enable PEM electrolyzers to progress
towards achieving the 'Hydrogen Shot' - a DOE initiative that seeks
to reduce the coats of clean hydrogen by 80% to $1 per 1 kilogram
in 1 decade ("1 1 1").
To register for the Hydrogen Technology Expo visit:
www.hydrogen-expo.com/
To find out more about TFP Hydrogen visit:
www.tfphydrogen.com
Enquiries:
James Cropper plc
Rosina Merrett
Mob: +44 (0) 7500 083559
Rosina.merrett@cropper.com
www.jamescropper.com
Shore Capital - (NOMAD and Broker)
Robert Finlay, Henry Wilcocks, John More, Lucy Bowden
Tel: +44 (0) 7601 6100
Buchanan Communications - Financial PR
Chris Lane, Charles Ryland, Jamie Hooper, Verity Parker
jamescropper@buchanancomms.co.uk
Tel: +44 (0) 207 466 5000
Notes for editors:
James Cropper is a market leader in advanced materials and paper
products. Led by the Cropper family for six generations, the
business has an international workforce and an operational reach in
over 50 countries.
Established in 1845, the Group manufactures paper, packaging and
advanced materials incorporating pioneering non-wovens and
electrochemical coatings.
James Cropper is a specialist provider of niche solutions
tailored to a unique customer specification, ranging from
substrates and components in hydrogen electrolysis and fuel cells
to bespoke colours and textures in paper and moulded fibre
packaging designed to replace single use plastics.
The Group operates across multiple markets from luxury retail to
renewable energy. It is renowned globally for service, capability,
pioneering and multi award-winning commitment to the highest
standards of sustainability.
James Cropper's goal is to be operationally carbon neutral by
2030 and to reduce carbon through its entire supply chain to net
zero by 2050.
James Cropper Future Energy , incorporates TFP Hydrogen, and
includes materials and products for fuel cells, carbon capture,
batteries and wind.
Specialises in enabling customers to develop market leading
solutions, in areas such as PEM water electrolysis, hydrogen fuel
cells, wind energy and carbon capture. To facilitate this, the
Company has strengthened their offering in the rapidly growing
Hydrogen sector with the acquisition of TFP Hydrogen Products in
2021. TFP Hydrogen produces coated components for PEM water
electrolysis which reduce the cost of producing Green Hydrogen, a
critical part of the global transition to sustainable energy. In
addition, TFP's materials not only reduce the cost of hydrogen
generation, they also facilitate it's use as our nonwovens are used
as Gas Diffusion Layer (GDL) substrate in many of the world's
hydrogen fuel cells.
James Cropper Technical Fibres focuses on markets including
aerospace, defence, construction and industrial as well as in
renewable energy, where there is a strong focus on enabling green
technologies, such as fuel cells, green hydrogen generation, wind
energy and electric vehicles . A global operation with sites in the
UK and USA and a worldwide sales and support network.
Growth in the renewable energy sector and the hydrogen economy
is of strategic importance to James Cropper. In the next 5 years,
the aim is for the majority of sales to come from applications that
support the Global drive to net zero carbon emissions, enabling the
energy transition.
To find out more about TFP and TFP Hydrogen Products, the
materials used and how they make a difference, please visit:
www.tfpglobal.com and www.tfphydrogen.com.
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June 07, 2023 02:00 ET (06:00 GMT)
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